In repair: The number of motor vehicles registrations is expected to increase, benefiting the industry

Over the five years to 2018, the Auto Mechanics industry experienced healthy growth, as consumers and businesses increased their demand for industry services. Disposable income levels and corporate profit grew during the period, enabling more consumers to forego do-it-yourself repairs and enlist the services of industry operators. Automobiles are essential modes of transportation across the country, and as the average age of vehicles increases, demand for industry services grows, as routine maintenance and repairs are typically necessary to keep vehicles running. Over the five years to 2023, the industry is forecast to continue its upward trajectory, albeit at a slightly slower pace...purchase to read more.

Industry Statistics & Market Size
Revenue
$67bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
557,317
Businesses
253,138
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Continued growth in disposable income is anticipated to drive more consumers to invest in the repair of their vehicles
  • Profit for the average industry operator is expected to increase
  • Industry profit is expected to decline, despite an increase in overall industry sales
  • Industry Report - Industry Key Buyers Chapter

    The Auto Mechanics industry has a very low level of concentration. The industry is highly fragmented, with nonemployers expected to account for an estimated 64.3% of total industry enterprises in 2018. There are several national auto mechanic chains, including Jiffy Lube, Midas Inc. and Monro Muffler Brake Inc. However, none of these companies control more than 5.0% of the overall national market. The introduction of new small nonemployer auto repair shops has increasingly driven industry concentration down. However, Monro and other relatively larger companies have expanded during the five-year period through the acquisition of smaller operators. As a result, market share concentration has remained steady over the past five years. In ...purchase to read more.

    Additional Insights for the Auto Mechanics Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Mechanics Industry are

  • Access to skilled automotive technicians
  • Provision of superior after-sales service
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Average age of vehicle fleet and New car sales in the Auto Mechanics industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Auto Mechanics Industry?

    The Auto Mechanics industry provides mechanical and electrical repair and maintenance for cars, trucks, vans and trailers. Operators include self-employed mechanics, auto repair shops, garages and car care centers. This industry does not include car dealerships, auto parts retailers or gas stations that provide industry services. Industry services do not include auto bodywork, car washes, oil changes or air conditioning repair (IBISWorld reports 81112, 81119a and 81119b, respectively).

    Industry Products
  • Powertrain repair services
  • Brake repair services
  • Scheduled and preventative repair and maintenance services
  • Electrical system repair services
  • Heating repair services
  • Muffler and exhaust repair services
  • Wheel alignment and repair services
  • Other repair and maintenance services
  • Industry Activities
  • Repairing and replacing automotive engines
  • Performing general automotive repairs
  • Repairing trucks
  • Repairing and replacing automotive exhaust systems
  • Repairing and replacing mufflers
  • Repairing automotive transmissions
  • Repairing automotive brakes
  • Performing automotive electric repairs
  • Performing automotive wheel alignments
  • Repairing automotive radiators
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Average age of vehicle fleet
  • New car sales
  • Number of motor vehicle registrations
  • Per capita disposable income
  • Total vehicle miles
  • World price of crude oil

  • Current Performance
  • Demand trends higher
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued growth and threat
  • Profit
  • Higher operating costs
  • Stable market share concentration
  • Table: Auto Mechanics Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Mechanics Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Car Body Shops
  • Taxi & Limousine Services
  • Consumers

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing
  • Auto Mechanics

  • Products & Services
  • Scheduled and preventative repair and maintenance services
  • Powertrain repair services
  • Brake repair services
  • Other repair and maintenance services
  • Wheel alignment and repair services
  • Electrical system repair services
  • Heating repair services
  • Muffler and exhaust repair services
  • Chart: Auto Mechanics Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses
  • Consumers under 45
  • Consumers aged 45-64
  • Consumers 65 and older
  • Government
  • Non-profit organizations
  • Chart: Major Market Segmentation for the Auto Mechanics Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Auto Mechanics

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Mechanics Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Mechanics Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Auto Mechanics Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Average age of vehicle fleet (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Do-It-For-Me
  • A category of customers who prefer to hire professionals to complete maintenance or repairs instead of doing these tasks themselves.
  • Do-It-Yourself (Diy)
  • A category of customers who complete tasks and projects on their own that would generally be outsourced to a business or service provider.
  • Powertrain
  • The main automobile components that generate power and deliver it to the road surface. Includes the engine, transmission, suspension, wheels and other parts.
  • Telematics
  • Vehicular telecommunications and information processing technology. Includes GPS navigation, hands-free cell phone technology, automatic driving assistance systems and other similar technologies.
  • What Our Customers Say

    Why buy this report?

    The Auto Mechanics industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Mechanics:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Mechanics market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Mechanics, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear